United Bankers: Several product launches to support growth
United Bankers published H1 results broadly in line with expectations. We have revised our estimates slightly downwards, especially for sales of real estate funds, and raised our cost estimates for Wealth Management. In addition, activity in the M&A market would appear to remain modest for the year.
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United Bankers
United Bankers operates in the financial industry. The bank offers a wide range of financial services in asset and fund management, as well as structured investment and corporate loans. The advice covers a large part of the major financial markets on a global level and includes both listed and unlisted companies, as well as a selection of listed funds and derivatives. The bank was founded in 1986 and is headquartered in Helsinki.
Read more on company pageKey Estimate Figures27.08.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 48.6 | 51.6 | 55.2 |
growth-% | 10.89 % | 6.17 % | 7.02 % |
EBIT (adj.) | 16.5 | 15.9 | 17.3 |
EBIT-% (adj.) | 33.99 % | 30.92 % | 31.38 % |
EPS (adj.) | 1.18 | 1.14 | 1.18 |
Dividend | 0.90 | 1.00 | 1.10 |
Dividend % | 6.62 % | 5.32 % | 5.85 % |
P/E (adj.) | 11.53 | 16.54 | 15.90 |
EV/EBITDA | 7.37 | 10.52 | 9.63 |
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